Business Leaders Across Industries React to Union Budget 2024

The entire nation eagerly awaited the announcement of the Union Budget 2024, a pivotal document charting the course for India’s burgeoning economy under the Modi 3.0 regime. Contrary to expectations of a budget solely focused on growth and development, this comprehensive budget addressed both growth and welfare. Finance Minister Nirmala Sitharaman outlined four focal areas: ‘Garib’ (Poor), ‘Mahilayen’ (Women), ‘Yuva’ (Youth), and ‘Annadata’ (Farmer).

To ensure the all-around development and upliftment of these pillars of the Indian economy, the government delineated nine budget priorities, serving as a roadmap towards a “Viksit Bharat” (Developed India). This budget not only reinforced the government’s commitment to holistic development across all sectors but also underscored its dedication to a sustainable future.

The announcement of the Union Budget 2024 sent ripples across financial markets and sparked a wave of enthusiasm. Numerous industry leaders across various sectors praised the strategic vision and anticipated impact of these announcements.

Here’s what the industry leaders had to say:

Providing an overview of the possible developments in the financial markets, Mr. Tarun Singh, Managing Director of Highbrow Securities said, “The Union Budget has impacted the buoyant stock market, but its effect feels more symbolic than substantial. The fundamental impact on investors will be negligible, as any changes in capital gains taxation will soon be factored into future plans. The market sentiment will remain conducive for investors. However, the budget’s opportunistic flavour cannot be ignored. On a brighter note, the budget’s incremental yet pivotal steps towards fostering an inclusive manufacturing and MSME landscape are commendable. The proposed initiative lays a sustainable and secure foundation for investors to explore emerging opportunities within this vital economic segment.

One of the key standout aspects of this budget is its respect for the existing consumption patterns. In the market realm, consumption is king, and any disturbance to this trend could ripple negatively across the economic spectrum. By preserving the status quo here, the budget has safeguarded the ongoing consumption story that fuels market growth. The Stock Markets, thus, can absorb minor setbacks and continue on a bullish path, backed by stable and robust consumer demand.

In my opinion, this budget is neither extravagant nor groundbreaking, but sometimes, not rocking the boat is an act of wisdom. This Union Budget may not sparkle with dramatic flair, but its understated elegance might very well be the unsung hero of our economic narrative this year. I am anticipating a favourable year ahead, with markets expected to benefit from sustained consumption and emerging opportunities in the revitalised MSME and Manufacturing sectors.”

Devam Sardana, Business Head, Lemonn, addressed the impact of LTCG and STCG changes on the financial markets, but provided a different viewpoint on the same. He said, “Lot of people asking the impact of STT, STCG and LTCG on the equity market participants but instead of the impact of direct factors, I believe the removal of indexation benefits on real estate, gold etc will have a major impact on the equity markets and participants (and that too a positive one). From a real estate standpoint, I see 3 major things:

1. Secondary market for real estate will be hit as sellers will be unwilling to absorb the full impact of the potential tax increase ( no indexation benefits)
2. Buyers looking for investing in properties ( beyond residential use) will step back a bit. The government recognises this and has therefore “urged” states to reduce the stamp duties
3. Potential cash transactions or share of cash in real estate might increase and this might lead to increased scrutiny of real estate transactions.
4. Overall, this makes real estate as an asset class less attractive compared to pre-Budget rules. Of course, if one is looking to re-invest capital gains from real estate in another property, there is no change for them. With regards to the question on STT, STCG and LTCG, there is minimal impact on the equity markets but when looked at the competitors of equity as an asset class namely gold, real estate – investors can breathe a sigh of relief!”
5. “We welcome the Budget 2024-25 as a people-friendly and pro-development budget. This year’s budget has paved the way for India by focusing on employment and skilling opportunities. We appreciate the various initiatives announced by the Honourable Finance Minister, focusing on the nine critical priorities—ranging from productivity and resilience in agriculture to next-generation reforms—demonstrating a comprehensive approach to fostering sustainable growth and development.
6. For future leaders, these priorities offer a robust foundation to build upon and will create dynamic opportunities for innovation and leadership in these vital sectors. We believe that the budget, along with conducive policies and regulatory reforms, will facilitate research and development, and foster a culture of innovation, across sectors. With increased investment, the budget is poised to enhance employment opportunities and spur rising demand, especially for skilled leadership in these sectors” said Uday Chawla, Managing Partner, TRANSEARCH India.
7. Prateek N Kumar, Founder and CEO, NeoNiche Integrated Solutions said, “The recent Budget represents a comprehensive strategy aimed at fostering growth across various sectors of society. By focusing on employment, skilling, MSMEs, the middle class, the underprivileged, women, youth, and farmers, it presents a holistic and inclusive approach. The nine priorities outlined for the coming years—productivity and resilience in agriculture, employment and skilling, manufacturing and services, urban development, energy security, infrastructure, innovation and R&D, and next-generation reforms—underscore a commitment to well-rounded development. This emphasis on job creation and boosting consumption is set to significantly benefit the consumer goods, real estate, and automotive sectors. It’s an encouraging roadmap for our nation’s future.”
8. Interestingly, Mr. Ashish Singhal, Co-founder, CoinSwitch, had a different outlook of the 2024 Union Budget. “We welcome the Union Budget 2024-25 as a pro-development budget bringing great news for startups. As a founder and angel investor, I’m thrilled that the Angel Tax has been abolished. This will significantly bolster the entrepreneurial ecosystem in India. The emphasis on digital public infrastructure and the digitalization of the economy will greatly benefit tech startups like ours, which are focused on developing population-scale apps for Indians.
9. Regarding crypto, we had hoped the government would reduce taxation to align it with other asset classes. Unfortunately, this has not been addressed, representing a missed opportunity to support startups and investors in the crypto space. We are still examining the finer details of the budget to fully understand its broader implications,” said Singhal.
10. Roland Landers, CEO, All India Gaming Federation, welcomed the focus on skilling in the Budget 2024. He said, “There remains a significant skill gap in India’s gaming industry, and the increased emphasis on skilling initiatives is a promising step towards bridging this gap. Centrally sponsored schemes for skilling youth, women-focused programs, the establishment of industrial training institutions, and the provision of internships are all set to create a more skilled workforce. These initiatives will play a crucial role in helping India achieve its Vision India@2047.”

   

Business Leaders Across Industries React to Union Budget 2024

The Arab Crab Now In Mumbai

Gayatri Vazirani of “The Arab Crab” can now be spotted at Waterfield Road! A three month old store, The Arab Crab is a brand that caters truly to the idea “One Size Fits All”.

This brand is unmissable for those looking to add statement pieces to their wardrobes. Adding glam without expecting to squeeze into dresses, the clothes flatter all body types – attractive silhouettes at affordable prices.

Spotted in the Surbhab, The Arab Crab has garnered a reputation with the crowds of Mumbai and Dubai as the source for free-sized fusion wear. With Gayatri at the helm, each collection is designed with keeping the Indian culture in mind, but yet the designs feel strikingly modern. Her reach is widespread, from Nairobi to Jakarta, from Singapore to the USA, and ever expanding.

Meticulously blending western with the traditional, Gayatri makes sure everyone wearing her designs is feeling good about themselves. Vibrant palettes, unconventional fits and embroidery to make sure you’re standing out without sticking out.

Today, the brand continues to honor the label’s spirit with its empowering, flattering and contemporary designs.

The Arab Crab Now In Mumbai

 

Notebook Distribution Ceremony Of Cine Steel, TV And Motion Photographers Association In The Presence Of Ashfaque Khopekar

The notebook distribution ceremony of Cine Steel, TV and Motion Photographers Association was held in an enthusiastic atmosphere on 20 July 2024 at 3 pm in Andheri under the chairmanship of Hon. Shri Ashfaque Khopekar, President of Dadasaheb Phalke Film Foundation Awards and Writer, Director.

Free notebooks were distributed to the children of active members of the association in the ceremony. The organization’s president Mr. Ramakant Munde, general secretary Mr. Atul Rajkule, treasurer Mr. Satish Ghusale, co-secretary Ashok Kanojia, founder committee member Mr. Firoz Hashmi, committee members Mr. Shyam Salvekar, Mr. Vinayak Vetkar, Mr. Devendra Sarkar and members Kishor Raibhan, Ramhari Sonawane were present with their children. The enthusiastic program was concluded by secretary Atul Rajkule honouring Mr. Ashpak Khopekar by presenting him a shawl and a coconut.

The organization’s office staff Mr. Mahesh Narvekar’s birthday was also celebrated in the program.

 

Notebook Distribution Ceremony Of Cine Steel, TV And Motion Photographers Association In The Presence Of Ashfaque Khopekar.

 

Indian Cultural Icon Sandeep Marwah Receives LOTUS OF WORLD PEACE Honor In The USA

New York, USA:  In a heartfelt ceremony that celebrated extraordinary contributions to global peace and universal spirituality, Dr. Sandeep Marwah, Chancellor of AAFT University of Media and Arts and President of the World Peace Development and Research Foundation, was honored with the prestigious title “Vishwa Shanti Padmam – Lotus of World Peace.” This esteemed recognition was conferred by the Board of Directors of the World Yoga Community during his visit to New York, USA.

The accolade, which signifies the highest appreciation for outstanding service and dedication to human values, was presented to Dr. Marwah in acknowledgment of his relentless efforts in fostering a culture of peace and spirituality worldwide. The World Yoga Community, an NGO associated with the United Nations Department of Global Communications and holding Special Consultative Status with the United Nations Economic and Social Council, recognized Dr. Marwah’s unparalleled achievements and contributions.

Adding to the honors, Dr. Marwah was also presented with the Interfaith Leadership Award by Rev. Dr. Dileep Kumar Thankappan, Global Chairman of the World Yoga Community Inc. The award ceremony took place at the elegant Hotel Park Lane, Central Park, 59th Street, Manhattan, amidst a gathering of distinguished guests and dignitaries.

Rev. Dr. Dileep Kumar Thankappan extolled Dr. Marwah’s unparalleled contributions to global peace and spirituality. “What Dr. Sandeep Marwah has done, no one in the world could even think of. His achievements are par excellence and beyond the reach of any common man. He has been blessed by the Almighty to accomplish these spiritual and peace activities. We wish him great success and even greater achievements,” said Rev. Dr. Thankappan, highlighting the exceptional nature of Dr. Marwah’s endeavors.

Expressing his gratitude, Dr. Marwah said, “I am profoundly thankful to His Holiness Avadhuta Dileep Kumar Ji Maharaj for bestowing upon me such a wonderful award. I accept this as a blessing from all of you and extend my heartfelt thanks to the millions of people associated with us across various departments and segments in our mission of bringing love, peace, and unity through art and culture.”

The ceremony was graced by notable personalities, including Rev. Dr Frank Kaufmann and Rev. Krishnarajanagara NGO Representatives of World Yoga Community to the United Nations,  renowned filmmaker Noman Robin and social worker Sadia Arfin, who attended to celebrate Dr. Marwah’s achievements and contributions. The presence of such distinguished guests underscored the significance of Dr. Marwah’s work and the widespread admiration it has garnered.

Indian Cultural Icon Sandeep Marwah Receives LOTUS OF WORLD PEACE Honor In The USA

Humanity Is Her Precedence Dr Ridwana Sanam The Real Inspiration

Achieving success in skill development and innovation, especially with limited resources, is a challenging endeavor. Drawing inspiration from Salman Rushdie’s Midnight’s Children, Dr. Ridwana Sanam’s journey from the serene valleys of Kashmir to the bustling city of Gurugram is a testament to self-belief, hard work, compassion, and personal triumph.

Born in the picturesque Pahalgam Valley in Kashmir, Ridwana’s early life was idyllic, shaped by her traditional Kashmiri Muslim family. However, her world changed when her family moved to Jammu due to the unrest in Kashmir. Despite these challenges, Ridwana’s determination shone through. She vividly recalls her tenth-grade board exams in Kulgam south Kashmir, taken amidst turmoil (militancy) with gratitude for the shelter provided by a generous professor who was a family friend.

Now, Dr. Ridwana Sanam stands as a beacon of inspiration for thousands of women, particularly in Kashmir. Her journey from a young girl facing adversity to becoming a celebrated philanthropist and women’s empowerment advocate is remarkable. She recounts an experience with a young woman who lost her call centre job due to facial paralysis. Moved by her plight and inability to afford treatment, after complete recovery she decided to write her first book on Physio Tips ( How to write off your pain). Ridwana’s compassion led to her dedicating her career to helping others achieve financial independence and secure employment in healthcare industry.

 

Through her KRV Foundation, Dr. Ridwana has made significant strides in skill development and job creation for underprivileged girls. Her tireless efforts have enabled countless women to lead dignified, independent lives, embodying the power of compassion, dedication, and vision in driving social change.

An avid horse rider, golfer, basketball player, swimmer, guitarist, and kathak dancer, Dr. Ridwana was honored many times internationally and nationally as the best physiotherapist and women of substance. She has prevented over 55,000 surgeries related to knee osteoarthritis, ACL sports injuries, and Slip Disc injuries. As an experienced social entrepreneur and physiotherapist, she combines technical expertise with spiritual Healing (quantum Healing techniques)

She plans to extend her reach across the country with the help of technology ( video Consultation) Her Diagnosis Accuracy is 99/ with some Spritual Gift, knowledge, skilled expediences,  having honed her skills in Japan, Singapore, and the UK. Excited about working with sports personalities, corporate clients, and Bollywood celebrities, she continues to push the boundaries of her field.

Dr. Ridwana emphasizes the importance of spiritual intelligence, honesty, empathy, compassion, integrity, kindness, and commitment to duty. Her leadership inspires others, fostering a more equitable society.

Dr. Ridwana Sanam is chairperson of KRV foundation, founder of KVR Healthcare and Physiotherapy Pvt. Ltd. Author, Life Coach for well-being, embodies strength, courage, determination, and excellence. Her journey is one to be chronicled, with each chapter inspiring and encouraging the youth.

Recent activity: donations of 17 tricycles on  completing 17 years of experience with Glory  has  treated 85000 delighted patients so far , The tricycles were donated to handicapped people in Gurgaon on 05.06.2024.

Follow Her On Instagram & Facebook

https://www.instagram.com/ridwanasanam/

 

https://www.facebook.com/ridwana.sanam.3/

 

Humanity Is Her Precedence Dr Ridwana Sanam The Real Inspiration